ORLEN SA has agreed to ship an extra 140 million cubic meters (4.94 billion cubic ft) of liquefied pure fuel (LNG) from the USA to Ukraine’s Naftogaz Group by way of Poland.
That is the fourth LNG provide contract signed by the state-owned firms this 12 months, bringing Naftogaz’s complete contracted fuel volumes from ORLEN to 440 million cubic meters, Naftogaz stated in a web based assertion.
The contracts are a part of a cooperation pact signed by ORLEN and Naftogaz final March to diversify Ukraine’s fuel provide sources, ORLEN stated individually.
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After arriving from the U.S., the LNG is deliberate to be regasified on the Swinoujscie terminal in Poland or the Klaipeda terminal in Lithuania after which transported to Ukraine by way of Poland.
“Naftogaz is diversifying its sources and routes of fuel provide”, stated Naftogaz chief government Sergii Koretskyi. “This enhances Ukraine’s power safety and resilience amid the continued full-scale struggle with Russia”.
“Signing an extra contract for the provision of American LNG is a crucial aspect of our preparations for the approaching winter heating season and an enormous step towards making certain dependable fuel provide for Ukrainians”, Koretskyi added.
ORLEN chief working officer Robert Soszynski stated, “Because of our regularly developed buying and selling experience, proprietary fleet of LNG transport vessels and reserved regasification capacities, we’re well-positioned to help Ukraine in diversifying each the sources and provide routes for pure fuel”.
“The summer time interval, which is essential for replenishing storage amenities, provides to the significance of those deliveries”, Soszynski added.
“ORLEN not solely ceased all Russian fuel imports over three years in the past, however right now we’re additionally ready to help neighboring international locations, similar to Slovakia and Ukraine, on their path towards power independence from Russia”, Soszynski stated.
On Monday ORLEN stated it had additionally eradicated Russian oil from its provide chain when the ultimate contract for deliveries of Russian crude meant for Czechia expired this month.
“I’m happy that Naftogaz has acknowledged the competitiveness of our supply”, Soszynski stated. “It supplies a robust basis for deepening our cooperation, to the advantage of each events and the broader power safety of the area”.
In June ORLEN stated it had signed one other power collaboration settlement with Naftogaz.
Underneath the brand new memorandum of understanding, “the events will search to extend pure fuel deliveries by way of Poland to Ukraine and to advance joint initiatives in oil and fuel extraction”, ORLEN stated. “These initiatives are anticipated to strengthen Ukraine’s useful resource safety and adaptability.
“Naftogaz additionally stands to learn from ORLEN’s technical experience within the modernization of the Kremenchuk oil refinery, in addition to within the refurbishment of fuel infrastructure broken through the struggle.
“As well as, each firms intend to pursue joint funding initiatives throughout gasoline distribution and improvement of the biofuels phase”.
ORLEN says it additionally continues to produce Ukraine with fuels from its refineries in Poland and Lithuania, because it has completed so since 2007.
To contact the writer, e mail jov.onsat@rigzone.com
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